Orascom Construction, Egypt's largest listed company, has posted a 76.1 per cent rise in profit for the fourth quarter of last year.
The result belies the fact that its core market is now ensnared in strikes and protests nearly a month after the turmoil that toppled the country's president.
The company announced profits of US$186 million (Dh683.1m) for the final three months of the year, after a bumper quarter for its fertiliser division. Chet Riley, an analyst at Nomura Securities, said the company "had very comprehensive quarterly results, with revenue and earnings growth from both business strands". Its business was "supported by very high underlying fertiliser pricing and increasing margins".
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